The Spy is trading around 1313.75 as this is written. The normal correction of the most recent decline should be to 131.61 or 132.20 or 132.78, which are the Fib numbers. The 5 minute chart is tracking resistance at the 132.20 level.... if this holds into the last 1/2 hour of trading, I may decide to re-enter the short side.
Glad I looked at the price before I posted this... the SPY is now at 132.35
I will make a decision around 3:30 about re-entering a few trades.
Best To Your trading!
Bill
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